10 Brief Essays on HR Management

Regarding financial incentives, he suggests, "Equitable compensation is important for employee retention. In turn, greater compensation equity occurs with fair appraisal reviews" (Greer, 2001m 15).

Greer then suggests that there is a strong correlation between the commitment that an organization has towards retaining employees and the amount of funds they are willing to spend. Regardless of this correlation, the fact that companies are willing to invest to retain employees suggests that the trend is definitely toward looking at employees as human capital.

The direct balance sheet costs connected with downsizing can include: A) Relocation or outplacement costs for key employees; B) Severance Pay costs for other employees; C) Reduction or elimination of leases and contracts; D) Possible legal and accounting fees; E) One-time charge backs that can hav

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ive Although the legal landscape has changed for HR in many respects, one of the most critical is the strictures placed by the government on the hiring process. Greer traces some of these developments, and points out how the practices and requirements have changed during the past decade. He is of the opinion that an expanding American economy along with the current labor shortage has created a situation where many businesses make erroneous judgments when hiring employees. The result of this action can lead to dismissal of the employee, which can often be lead to charges of inequality in the workplace. A mismatch can mean paying thousands of dollars in medical and worker's compensation claims related to illegal drug use, or it can mean untold losses due to employee theft or lawsuits. It is essential, therefore, for businesses to adopt a policy of requiring resumes, and then checking an applicant's background (as far as is legal) to discern if potentially damaging secrets that have been covered up. In general, most companies adhere to the letter and the spirit of the law in their hiring practices. One of the most helpful sections of the book is the sample interview questions and hiring procedures that he lists. Quest
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Approximate Word count = 1950
Approximate Pages = 8 (250 words per page)

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